Answer:
<em>A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others. It is targeted at the defined customers and against competitors.</em>
Explanation:
A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy
<span>The strategy of appealing to different types of customers in this way is an example of product definition.
</span><span>The product definition includes product concept, design requirements and specifications, features, target market.
</span>First the company must understand the customer<span> needs and then it should convert this understanding into technical requirements for a new </span>product<span>.</span>
Their job is to find a verdict
I would say that wedgemans is trying to meet employees needs for development of their knowledge and for in this case the privilege of going to learn about the types of cheeses and perhaps their making in another country which is an additional benefit and which will most likely encourage the employees to work more effectively and with more interest in their work.
Answer: D) employees require additional training
Explanation: Overtime can be defined as the rate of pay, usually higher, for work done by employees or workers outside of or in addition to regular working hours. While employees who work overtime hours are motivated by the extra income to be had, there are some disadvantages that comes with it some of which include numerous mental, physical, and social effects such as stress, lack of free time, poor work-life balance, and health risks. They may require extra energy to perform at a normal rate and consciously or not, may pace themselves to ensure overtime. In time they may also become accustomed to the extra income thereby elevating their standard of living, however, it is unlikely that employees would require additional training in order to work or because they are working overtime.
